CNN Money: FedEx CEO lashes out against tariffs and trade war
Fred Smith, the chief executive of FedEx, said a trade spat with China will be bad for everyone.
The Wall Street Journal reports: “The tariffs implemented so far have hit about 10% of FedEx’s business in China, where the carrier generates about 2% of overall revenue. But uncertainty over further actions, including an expected round of additional U.S. tariffs on $200 billion worth of Chinese imports and how Beijing retaliates, is creating jitters and resulting in a slowdown in economic activity, executives said.”